Horse Council Offers Tax Tips

The American Horse Council (AHC) is offering extensive tax information that can influence your equine business tax returns. For 40 years, the American Horse Council has provided the horse industry with tax information through the "Tax Bulletin," the Tax Handbook, and other various publications.

The Bulletin is a bi-monthly publication featuring timely articles on equine tax and business issues, as well as updates on the latest tax court decisions, IRS regulations and legislation that might impact your ability to run a profitable business. It is written by an editorial board of tax professionals.

The Horse Owners and Breeders Tax Handbook is another available resource offered by the AHC. This 1,000-page book explains the Internal Revenue Code as it pertains to the U.S. horse industry. Topics covered in the handbook include:

  • Business versus hobby;
  • Forms of doing business;
  • Sales, exchanges and involuntary conversions;
  • Tax planning;
  • Depreciation; and
  • Recordkeeping and accounting rules.

AHC's Tax Bulletin and Tax Handbook are included in certain levels of membership in the organization, or they can be purchased separately. For more information on obtaining these items, please contact the AHC by phone at 202/296-4031 or see for more information.

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